#EmiratesNBD

Emirates NBD goes live on Partior DLT settlement network

Emirates NBD has officially joined the Partior DLT-based clearing and settlement network, marking the first instance of a MENAT region bank participating in the platform. This integration follows a preliminary exploration phase announced in November 2024 and represents the first stage of a broader strategic rollout. While initial plans suggested the bank would act as a settlement provider for UAE Dirham, Saudi Riyal, and Indian Rupee, the current deployment focuses on USD-denominated transactions. JP Morgan facilitated the inaugural transaction, serving as both the settlement and beneficiary bank for Emirates NBD’s corporate and institutional clients. By leveraging Partior’s blockchain infrastructure, the bank aims to modernize cross-border payments and eventually expand its capabilities to include multi-currency support and broader interbank connectivity. This development is significant for the RWA and institutional finance sectors as it demonstrates the growing adoption of DLT for streamlining correspondent banking processes. The move highlights the shift toward programmable settlement layers that reduce friction in international liquidity management.

Ledger Insights·1d ago